ST. JOHNS COUNTY, FLORIDA STATEMENT OF NET POSITION PROPRIETARY FUNDS SEPTEMBER 30, 2015 Business-type Activities t. Johns County Ponte Vedra Sold ASSETS Current assets 923.306 3093 284 5.133.860 629536 Equity in pooled cash and cash equivalents 6,391 551 2.881.802 93403 23.886 ,611,78 Accounts recelvable, net unit corrอction foe notes receivable Interest receivable Other assets Due from other funds Due from other government Inventon 81.485 50,921 114,855 38.728 488 219 42.651 1,170 1,180,324 Cash and cash equivalents 4,918,673 4,104,102 253.390 4640 87S 27 831 Total ourrent assets Capital assets: 00,752,0E6 54,395 2,821,851 49,645,275 6,742,632 46.788.727 26. 381 2019.934 20,794 856 1,140.339 727,127 8182 789 1324.104 3.359,789) Water and sewer systems Furnture and equipment 126,289,877 7,301,996) 6 238 307 Total non-current assets TOTAL ASSETS ,632,784 266,744 161 570 TOTAL DEFERRED OUTFLOWS OF RESOURCES 536.996 Accounts payable and acarued labilities Unit connection fee contract payable Esimated lablity for self insured losses Customer deposits Due to other funds Due to other goverrments Landfil closure and post-closure costs Revenue bonds and notes payable Interest payable State loan payable 2,276,718 187,877 253 390 7 979 1,043,620 323.553 2,655,340 1,018,281 1,610.000 911,376 191,870 14,108 50.607 20,101 Pension labities Total current liabilities Apcrued landtl closure and post-closure costs bonds and notes payable 14,324,282 7,846,729 054 265 4.692 347 State loan payable Capital lease payable Apcrued compensated absences Total long-term liabilities TOTAL LIABILITIES DEFERRED INFLOWS OF RESOURCES TOTAL DEFERRED INFLOWS OF RESOURCES NET POSITION Net investment in capital assets 153.655 51,065 268 418 1,269,788 158 269 231,526,183 Debt service Renewal and replacement reserve 4,128,809 1,748,916 1,384,023 4.149 744 TOTAL NET POSITION The accompanving notes are an integral part of the financial statements

1. Describe 3 examples of items (transactions) that would require reconciliation of total governmental fund balances to net position of governmental activities. 2. What is the financial reporting model project, and why is it important?

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Exercise 7-23 (Algo) Net Position Classifications [LO 7-5] During the current year, the Town of Mashpee had a number of transactions that affected net position of its town golf course, which is operated as an enterprise fund. You are provided with the following information: 1. The beginning net position balances are net investment in capital assets, $681,000; restricted for renovation of the check-in stand, $0, and unrestricted, $1,357,084. 2. Net income for the year was $163,047 3. Depreciation expense totaled $54,096. 4. A piece of equipment with a carrying value of $26,900 was sold for $25,800. 5. Bonds for $500,000 were issued to construct a new pro shop. At the end of the year, the shop was partially complete, and construction work in progress totaled $248,476 6. A $15,028 principal payment was made on a lease obligation. 7. A new golf ball retrieving machine was purchased for $330,000. At the end of the year, a $30,800 note associated with the machine remains outstanding 8. The…

Solve using excel......Using the Balance Sheet in the St. Johns County, Florida 2015 CAFR calculate the following ratios for each of the five (5) funds shown, including “Total Governmental Funds:”a. Current Ratiob. Net Working Capitalc. Debt Ratio 1d. Debt Ratio 2e. Unrestricted Net Assets Ratiof. Response Ratio

Governmental funds report current financial resources. However, governmental funds alsoreport some current assets which are not financial resources. Which of the assets below is acurrent financial resource at December 31, 2022?   A. Property taxes receivable expected to be collected between March 2 and December 31, 2023. ​B.​Office supplies that will be used in 2023. ​C.​A and B. ​D.​Neither A nor B.

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Prepare the journal entries for the following transactions to consolidate financial statements from fund-level statements to government-wide statements. 1....An internal service fund had a loss of $50 2.....An internal service fund had interest expense of $30

Which of the following items are included in the governmental activities column of the government- wide financial statements through worksheet journal entries? A) General Capital Assets. B) General Long-Term Debt. C) Internal Service Funds servicing governmental departments. D) All of the choices are correct.

The General Fund has a Due from Capital Projects Fund of S48,000 and a Due from Water Enterprise Fund of S120,000. The Capital Projects Fund has a Due to General Fund of S48,000, and the Water Enterprise Fund has a Due to General Fund of $120,000. What will be the amount of internal balances reported in the government-wide statement of net position? O Internal balances of $48,000 O No internal balances are reported. O Internal balances of $148,000 O Internal balances of $120,000